Hacken token plunges 99% after hacker mints and dumps $250K

Cybersecurity firm Hacken CEO Dyma Budorin said the biggest damage has been to its reputation, though the incident had nothing to do with the main business.

Cybersecurity firm Hacken has blamed a private key leak that allowed a bad actor to mint and loot $250,000 worth of the ecosystem’s native Hacken Token (HAI), causing it to plummet around 99% on Saturday.

In an X post, Hacken said the private key was connected to an account with a minting role on the Ethereum and BNB Chain, which led to the “unauthorized HAI minting and a dump” on decentralized exchanges — causing a 99% drop in the value of HAI from $0.015 to $0.000056.

HAI is currently trading at $0.00026.

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